Triplex penthouse at Amber Residences going for $5.7 mil

By Bong Xin Ying / EdgeProp Singapore | January 13, 2019 7:00 AM SGT
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A 5,113 sq ft triplex penthouse at Amber Residences will be put up for its second auction by Knight Frank Singapore on Feb 19. This is an owner’s sale, and the unit has a guide price of $5.7 million ($1,115 psf).
Amber Residences comprises a 21-storey block with a total of 114 units (Credit: The Edge Singapore)
The 21st-floor unit was first put up for auction on Nov 14 last year at a higher opening price of $5.8 million ($1,134 psf). As there were no bids then, the property was withdrawn.
Amber Residences, a freehold condominium by Voda Land, was completed in 2011. It comprises 114 units in a 21-storey block.
The four-bedroom penthouse will be sold with an existing tenancy that ends in August this year. According to Tricia Tan, deputy director of auction and sales at Knight Frank Singapore who is marketing the unit, the lease commenced in August last year, and the corporate tenant is paying a monthly rental of $13,500.
The owners, a Singaporean couple, used to reside in the unit with their children before they upgraded to a landed property, adds Tan. They purchased the unit for $5.1 million ($1,000 psf) in October 2012, according to the caveat lodged in URA Realis.
The triplex penthouse has a roof terrace and a pool on the third storey. Tan says that the owners have converted a part of the rooftop space into a private playground for their children.
The unit itself commands a panoramic seaview from the roof terrace, the living area on the second storey, and two bedrooms including the master bedroom on the first floor. The unit has four en-suite bedrooms in all. The other two bedrooms are on the second floor. The owners have also added a helper’s room on the first storey, says Tan.
The penthouse unit commands a seaview from the living area and the roof terrace (Credit: Knight Frank Pte Ltd)
There were five resale transactions at Amber Residences last year. The resale units ranged from 1,163 sq ft to 2,217 sq ft, based on URA caveat data. The last transaction was for a 1,163 sq ft, two-bedroom unit on the 19th floor which changed hands for $2.19 million ($1,883 psf) last July.
In 2017 and 2018, a total of 14 units at the condo were transacted at an average of $1,557 psf. “At $1,115 psf for a freehold property that is highly accessible, the unit [put up for auction] offers value for money,” notes Tan.
Amber Residences is located in District 15, and is less than 10 minutes away by foot to Katong Plaza and 112 Katong mall.
*Edit: The auction date was changed from Jan 23 to Feb 19

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